Compare over 20 mortgage insurance policies in as little as 5 minutes.
With PolicyHub you get to compare over 20 mortgage insurance policy providers in as little as 5 minutes. Save time. Save big. Get started now.
Compare over 20 top providers in Warsaw, IN
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Warsaw, IN policies from all the leading insurers and choose the one that fits your needs.
Locked in rate discount and exclusive deals.
Benefit from exclusive deals offered only to residents of your state, and lock in huge rate discounts.
Customized policies just for you.
Our team tailors policies to your unique needs, meaning optimal coverage at competitive rates.
"I was totally lost trying to find the right mortgage insurance until I found PolicyHub. I was able to work with a licensed agent to compare all my options all at one. I got the perfect plan for me at a cheaper rate than I expected."
Barbara Winters
Policy Holder
ATTN: 2024 rates just released!
Get the latest mortgage insurance rates for 2024 and lock in your policy today! Get started comparing policies today.
Get the perfect plan with the cheapest rates in 3 easy steps.
Done in 3 easy steps
Step 1
Tell us about yourself.
Finding the perfect mortgage insurance policy starts with answering a few questions to help us serve you better.
Step 2
Compare rates & plans with a pro.
Discuss your options with a licensed insurance agent. Compare different plans to find the best policy with the cheapest rates.
Step 3
Lock in cheap rates.
Secure the lowest rates and lock in the perfect mortgage insurance policy for you and your family.
"I lost hope trying to find a mortgage insurance policy that wasn't insanely expensive. Thankfully PolicyHub helped me find the perfect policy that is affordable with high coverage. Thank you!"
Bill Barton
Policy Holder
PolicyHub is the smartest way to protect the people that matter most.
Safeguard Your Family
Mortgage insurance means safeguarding your family in a worst-case scenario. Don't risk it.
Gain Peace of Mind
Far too many Americans are financially blindsided by the death of a loved one. But not your family.
Protect Your Business
Protect your business by ensuring a smooth transition of ownership with the right mortgage insurance.
Beat Estate Taxes
Inheritance or estate taxes is burdensome for your heirs. A mortgage insurance policy can help.
Invest in Your Future
For less than $1 per day, you can make a huge contribution to your family's financial safety.
Build Your Legacy
Through a mortgage insurance policy, you can leave behind a legacy for your loved ones.
Get started in less than 5 minutes.
With PolicyHub getting started is easy. Compare all the rates from all the providers. Get started in under 5 minutes.
All your mortgage insurance needs in one place.
Private Mortgage Insurance (PMI)
PMI is your solution for buying a home with less than 20% down. It protects your lender, but also enables you to own a home sooner with less upfront cash. It's added seamlessly to your monthly mortgage payments.
FHA Mortgage Insurance Premium (MIP)
FHA's MIP is ideal for those with less-than-perfect credit scores. With an upfront premium and a smaller annual premium, MIP makes homeownership more attainable for a broad range of buyers.
USDA Mortgage Insurance
USDA Mortgage Insurance is tailored for rural homebuyers. With a manageable upfront guarantee fee and a low annual fee, it's a cost-effective way to secure your countryside dream home.
VA Funding Fee
The VA Funding Fee, unique to VA home loans, is a one-time fee that helps sustain the VA loan program for future generations of military homeowners. Depending on your service history, you may even be exempt.
"Highly HIGHLY recommend PolicyHub if you need mortage insurance. They saved me sooo much time and money on my policy, it's nuts. Comparing all the providers at once is a game changer."
Chris Stephens
Policy Holder
Introducing PolicyHub Price Match Guarantee
Our priority is to save you money while getting you the right coverage. If you find a lower rate for a similar policy anywhere else, we'll match it! With PolicyHub, you can rest assured knowing you're getting the best price.
Save time and get the best policy with the cheapest rates. Guaranteed.
![]() |
Option 1 | Option 2 | ||
---|---|---|---|---|
100% Digital | ||||
Licensed Agents | ||||
Expert Support | ||||
Get Started in 5 Minutes | ||||
Decades of Experience | ||||
Compare 20+ Providers | ||||
Zero Hidden Costs | ||||
Top Insurance Providers |
"I knew I needed mortgage insurance but I didn't know where to go. I talked with a few other companies but the cost was outrageous. I found PolicyHub and found the perfect plan for me at an affordable cost."
Wendy Smith
Policy Holder
Frequent Questions...
Taking out a mortgage in Warsaw, IN is a big commitment and responsibility. Mortgage insurance is important to protect both the lender and borrower from potential financial loss should the mortgage go into default. Without mortgage insurance, a homeowner's equity may be at risk if they default on payments, and the lender's loan funds could be in jeopardy. Mortgage insurance also allows many borrowers to secure a loan with little money out-of-pocket since they are not necessarily required to provide a large down payment.
How does a larger down payment affect my Warsaw mortgage insurance policy cost?
A larger down payment on a mortgage in the Warsaw, IN area can significantly reduce your mortgage insurance cost. Generally, when you make a larger down payment, the mortgage insurance cost is spread over a smaller amount of mortgage debt, thus reducing the total cost for your loan. Additionally, many lenders offer incentives for down payments larger than the traditional 20%. A down payment of 20% or more may result in no mortgage insurance if the lender allows it. Understanding the options available to you in terms of your down payment can help you make the best decision for your financial future.
What are the benefits of having a private mortgage insurance policy Warsaw?
Private mortgage insurance (PMI) can be a great benefit for those in the Warsaw, IN area who are looking for more affordable financing options or who do not have a large down payment saved up. PMI can help reduce the total loan amount by allowing you to put down a smaller down payment since your lender will be securing the loan with a form of insurance. PMI can be especially helpful for those in the Warsaw area who may not have the savings available upfront to meet the typical 20% down payment required.
Who is eligible for FHA mortgage insurance near Warsaw?
Anyone who meets the Federal Housing Authority's (FHA) eligibility requirements can qualify for FHA mortgage insurance. Residents of Warsaw, Indiana can take advantage of the FHA loan program, which lets homebuyers in the area secure advantageous loans with lenient eligibility criteria, low interest rates and low down payment rates. To be eligible, applicants must have a social security number, a valid and verifiable source of income and a satisfactory credit history.
Who is eligible for USDA insurance from Warsaw mortgage insurance companies?
USDA mortgage insurance in Warsaw, IN is available to borrowers whose income is less than 115% of the adjusted area median income. In addition, borrowers must have a credit score of 640 and have a stable, reliable income. Furthermore, the property that is to be purchased with the USDA loan must also be located in an eligible rural area as defined by the USDA. Lastly, applicants must be unable to qualify for a non-government guaranteed loan, such as a conventional loan. As long as these criteria are met, then potential borrowers will qualify to be eligible for USDA mortgage insurance.
In Warsaw, IN, Veterans are eligibile to apply for VA loans, which provide numerous financial benefits. For instance, VA loans require no down payment, have lower closing costs, and feature competitive interest rates--all of which can result in significant savings on the total cost of a home. Additionally, VA loans don't require mortgage insurance, which could save veteran homebuyers thousands of dollars over the course of a loan. Overall, the monetary advantages alone make VA loans a great option for veterans in Warsaw.
How much is mortgage insurance in Warsaw?
The cost of mortgage insurance in Warsaw, IN depends on a variety of factors such as the current market interest rates, the size of your down payment, and the length of your loan. Generally speaking, it can range anywhere from 0.3%-1.5% of the total loan amount, but may be higher or lower depending on your individual circumstances. Cost estimators are available through banking and mortgage companies to help you determine an accurate estimation of your mortgage insurance cost.
When does a Warsaw mortgage insurance policy go away?
In Warsaw, IN, the Federal Home Loan Mortgage Corporation (Freddie Mac) requires mortgage insurance to remain active for the entire loan term unless the borrower amasses at least 20% equity in the home. Once that 20% mark has been hit, the borrower can submit a request to have the mortgage insurance discontinued. This process generally only takes a few weeks. Borrowers who have loans backed by the Federal Housing Administration (FHA) need to keep the insurance active for the entire duration of the loan.
Is there an online calculator for mortgage insurance from a Warsaw mortgage insurance company?
In Warsaw, IN, there are many online calculators available to help estimate monthly mortgage insurance payments. Consumers can use these calculators to get an idea of the total cost of the loan, including mortgage insurance, taxes, and fees. Typically, these calculators allow users to enter information such as the loan amount, the length of the loan, and the loan interest rate to calculate the total cost. It is important to understand that the amount calculated is an estimate and that the actual amount may vary. Some mortgage companies may even provide online calculators as part of their services.
Can I opt out of services from mortgage insurance companies in Warsaw?
In Warsaw, IN, you may be able to opt out of mortgage insurance depending on the lender and the type of loan you're getting. If you are applying for an FHA loan, you may not have the option to opt out because federal regulations mandate that insurance is required. However, if you are getting a conventional or USDA loan and you meet specific criteria, you may qualify to drop mortgage insurance. Your lender should be able to tell you if you're eligible to opt out or not.
Other locations near Warsaw, IN
Compare Life Insurance Policies
Get started today and compare over 37 life insurance providers in as little as 15 minutes.
© 2024 PolicyHub - all rights reserved